The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Compare the best GIC rates in Canada 2023 + MORE Jun 28th
Investing
The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Als dominant in win over Ticats; move to 2-0 - CFL.ca + MORE Jun 24th
Als dominant in win over Ticats; move to 2-0 CFL.caAlouettes streamroll winless Tiger-Cats in home opener TSN'Everyone knows where I want to be': receiver Brandon Banks 'open' to return to Hamilton Tiger-Cats 3downnation.comHamilton face boos as Alouettes win Tiger-C.... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 23rd
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
Making sense of the markets this week: May 31, 2021 May 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start.
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The best no-fee credit cards in Canada for 2024 May 17th
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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.
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How Do Cash Back Rewards Work on a Credit Card?
– ratesupermarket.ca
It’s hard to say no to getting money back. When it comes as an added perk to your credit card, you figure there might be a catch — right? Cash back rewards do come with certain conditions but as a rule, those conditions aren’t onerous. If you’re a responsible spender and manage your debt well, this type of card can be a valuable addition to your wallet. In general, cash back cards prioritize reward value and the flexibility of cash in lieu of points over other common credit card benefits like perks or low interest rates.
How Do You Earn Cash Back?
Most cash back cards have a simple plan; you earn a percentage of your purchases back as cash. Therefore, if you have a 2% cash back card and spend $100, you have earned $2. Typically, cards don’t offer cash back on cash advances or balance transfers. Many will prioritize certain types of purchases, giving you bigger rewards for groceries and pharmacy purchases, for example.
How Is Cash Back Distributed?
Some cards may give you the option of how to receive your cash back…
If you’ve decided to try out online investing and have narrowed down your choices to Wealthsimple and Questrade—congratulations! Both are solid Canadian options that can help you grow your money and achieve your investment goals.
But choosing between the two can be tricky. While the two financial services providers have very similar options, they aren’t identical. The best choice will depend on your situation and preferences—particularly whether you want to pick your own self-directed investments or let a robo-advisor pick a portfolio of investments for you.
We’ve broken down the differences between Questrade* and Wealthsimple* to help you choose the best service for you.
Comparison of brokerage services
Questrade* started making its name as a low-cost provider of brokerage services in 1999, long before the term “fintech” entered the lexicon. Today, it offers almost every type of investment—including stocks, bonds, ETFs, mutual funds, GICs, options, initial public offerings, and other equities such as precious metals—with much lower trading fees than traditional brokerages, banks or other financial institutions…
But choosing between the two can be tricky. While the two financial services providers have very similar options, they aren’t identical. The best choice will depend on your situation and preferences—particularly whether you want to pick your own self-directed investments or let a robo-advisor pick a portfolio of investments for you.
We’ve broken down the differences between Questrade* and Wealthsimple* to help you choose the best service for you.
Comparison of brokerage services
Questrade* started making its name as a low-cost provider of brokerage services in 1999, long before the term “fintech” entered the lexicon. Today, it offers almost every type of investment—including stocks, bonds, ETFs, mutual funds, GICs, options, initial public offerings, and other equities such as precious metals—with much lower trading fees than traditional brokerages, banks or other financial institutions…
